Yum! Brands Earnings Estimates Cut at Credit Suisse (YUM)

Created by Dividend.com

Quick service restaurant operator Yum! Brands, Inc. (YUM) saw its earnings estimates cut on Monday by analysts at Credit Suisse.

The analyst reduced its 2009 and 2010 EPS estimates to $2.16 and $2.41, respectively, citing a cautious near-term domestic outlook. Suisse currently rates the stock as an “Outperform” with a $41 price target.

Yum! Brands shares, which closed at $35.73 on Friday, rose 52 cents, or +1.5%, in premarket trading Monday.

The Bottom Line
We recently removed shares of YUM from our recommended list back on Nov.2, when the stock was trading at $32.95. The company has a 2.35% dividend yield, based on Friday’s closing stock price of $35.73. The stock has technical support in the $28-$30 price area. If the shares can firm up, we see overhead resistance around the $37-$39 price levels. We would remain on the sidelines for now.

Yum! Brands, Inc. (YUM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.